— Wix.com Ltd. (NASDAQ: WIX) reported its fourth-quarter 2019 adjusted earnings of $0.39 per share versus $0.31 per share expected.
— Revenue grew by 25% to $204.6 million versus $205.53 million expected.
— Collections rose 29% to $226.7 million. GAAP net loss was $0.42 per share compared to a net loss of $0.12 per share in the prior-year quarter.
— For fiscal 2020, Wix.com expects revenue to be $946 million to $956 million, representing a year-over-year growth of 24-26%. Collections are expected to be between $1.020 billion and $1.035 billion.
— For the first quarter of 2020, revenue is estimated to be in the range of $215 million to $217 million. Collections are touted in the range of $247 million to $249 million.
— WIX stock was down about 10% in the pre-market trading hours.
Most Popular
Intensity Therapeutics is establishing a new field of localized cancer reduction: CEO
Intensity Therapeutics, Inc. (NASDAQ: INTS) is a clinical biotechnology company engaged in the discovery development, and commercialization of first-in-class cancer drugs that attenuate tumors with minimal side effects while training
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
